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New HMRC inheritance tax rules have left millions feeling "left behind". New research from PensionBee reveals deep uncertainty among savers about how to respond to the Labour Party government’s decision to bring unused pensions within the scope of Inheritance Tax (IHT) from 2027, with more than half of respondents looking to change their financial strategy once pensions fall under IHT.

The nationally representative survey reveals just how divisive the issue could be. Over a quarter (26%) of respondents said they would draw money from their pensions earlier, while nearly a quarter (24%) would look to alternative savings vehicles such as ISAs or annuities.

By contrast, 38% of those aged 65 and over said the change would not affect them, as they have no plans to pass pensions

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